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Side-by-side financial comparison of Traeger, Inc. (COOK) and Flex LNG Ltd. (FLNG). Click either name above to swap in a different company.

Flex LNG Ltd. is the larger business by last-quarter revenue ($173.2M vs $145.4M, roughly 1.2× Traeger, Inc.). Flex LNG Ltd. runs the higher net margin — 22.2% vs -11.8%, a 34.0% gap on every dollar of revenue. On growth, Flex LNG Ltd. posted the faster year-over-year revenue change (-4.5% vs -13.8%).

Traeger, Inc. designs, manufactures, and sells premium wood pellet grills, related accessories, and wood pellet fuel for outdoor cooking users. It primarily operates in North America, Europe, and Australia, serving residential consumers and commercial food service clients via retail partners and direct-to-consumer channels.

Golar LNG owns and operates marine LNG infrastructure. The company had developed Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Front End Engineering and Design (FEED) studies have now been completed for a larger newbuild FLNG solution. Golar is also collaborating with another industry leader to investigate solutions for the floating production of blue and green ammonia as well as carbon ...

COOK vs FLNG — Head-to-Head

Bigger by revenue
FLNG
FLNG
1.2× larger
FLNG
$173.2M
$145.4M
COOK
Growing faster (revenue YoY)
FLNG
FLNG
+9.3% gap
FLNG
-4.5%
-13.8%
COOK
Higher net margin
FLNG
FLNG
34.0% more per $
FLNG
22.2%
-11.8%
COOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COOK
COOK
FLNG
FLNG
Revenue
$145.4M
$173.2M
Net Profit
$-17.2M
$38.4M
Gross Margin
37.4%
Operating Margin
-8.0%
48.9%
Net Margin
-11.8%
22.2%
Revenue YoY
-13.8%
-4.5%
Net Profit YoY
-147.2%
-38.7%
EPS (diluted)
$-0.13
$0.71

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COOK
COOK
FLNG
FLNG
Q4 25
$145.4M
$173.2M
Q3 25
$125.4M
Q2 25
$145.5M
Q1 25
$143.3M
Q4 24
$168.6M
$181.4M
Q3 24
$122.0M
Q2 24
$168.5M
Q1 24
$144.9M
Net Profit
COOK
COOK
FLNG
FLNG
Q4 25
$-17.2M
$38.4M
Q3 25
$-89.8M
Q2 25
$-7.4M
Q1 25
$-778.0K
Q4 24
$-7.0M
$62.6M
Q3 24
$-19.8M
Q2 24
$-2.6M
Q1 24
$-4.7M
Gross Margin
COOK
COOK
FLNG
FLNG
Q4 25
37.4%
Q3 25
38.7%
Q2 25
39.2%
Q1 25
41.5%
Q4 24
40.9%
Q3 24
42.3%
Q2 24
42.9%
Q1 24
43.2%
Operating Margin
COOK
COOK
FLNG
FLNG
Q4 25
-8.0%
48.9%
Q3 25
-66.5%
Q2 25
-4.2%
Q1 25
2.4%
Q4 24
-0.1%
55.9%
Q3 24
-6.1%
Q2 24
2.8%
Q1 24
-0.1%
Net Margin
COOK
COOK
FLNG
FLNG
Q4 25
-11.8%
22.2%
Q3 25
-71.6%
Q2 25
-5.1%
Q1 25
-0.5%
Q4 24
-4.1%
34.5%
Q3 24
-16.2%
Q2 24
-1.5%
Q1 24
-3.2%
EPS (diluted)
COOK
COOK
FLNG
FLNG
Q4 25
$-0.13
$0.71
Q3 25
$-0.67
Q2 25
$-0.06
Q1 25
$-0.01
Q4 24
$-0.06
$1.16
Q3 24
$-0.15
Q2 24
$-0.02
Q1 24
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COOK
COOK
FLNG
FLNG
Cash + ST InvestmentsLiquidity on hand
$19.6M
$447.6M
Total DebtLower is stronger
$403.3M
$1.9B
Stockholders' EquityBook value
$170.8M
$719.3M
Total Assets
$676.0M
$2.6B
Debt / EquityLower = less leverage
2.36×
2.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COOK
COOK
FLNG
FLNG
Q4 25
$19.6M
$447.6M
Q3 25
$5.9M
Q2 25
$10.3M
Q1 25
$12.0M
Q4 24
$15.0M
$437.2M
Q3 24
$16.9M
Q2 24
$18.0M
Q1 24
$23.6M
Total Debt
COOK
COOK
FLNG
FLNG
Q4 25
$403.3M
$1.9B
Q3 25
Q2 25
Q1 25
Q4 24
$403.6M
$1.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
COOK
COOK
FLNG
FLNG
Q4 25
$170.8M
$719.3M
Q3 25
$186.1M
Q2 25
$274.2M
Q1 25
$279.6M
Q4 24
$276.4M
$806.6M
Q3 24
$279.8M
Q2 24
$297.3M
Q1 24
$294.6M
Total Assets
COOK
COOK
FLNG
FLNG
Q4 25
$676.0M
$2.6B
Q3 25
$689.6M
Q2 25
$780.6M
Q1 25
$825.6M
Q4 24
$830.7M
$2.7B
Q3 24
$818.1M
Q2 24
$842.4M
Q1 24
$862.1M
Debt / Equity
COOK
COOK
FLNG
FLNG
Q4 25
2.36×
2.59×
Q3 25
Q2 25
Q1 25
Q4 24
1.46×
2.26×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COOK
COOK
FLNG
FLNG
Operating Cash FlowLast quarter
$15.5M
$73.7M
Free Cash FlowOCF − Capex
$14.2M
FCF MarginFCF / Revenue
9.8%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
1.92×
TTM Free Cash FlowTrailing 4 quarters
$13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COOK
COOK
FLNG
FLNG
Q4 25
$15.5M
$73.7M
Q3 25
$7.6M
Q2 25
$18.3M
Q1 25
$-20.8M
Q4 24
$7.5M
$100.4M
Q3 24
$15.1M
Q2 24
$13.9M
Q1 24
$-12.6M
Free Cash Flow
COOK
COOK
FLNG
FLNG
Q4 25
$14.2M
Q3 25
$6.4M
Q2 25
$15.7M
Q1 25
$-22.7M
Q4 24
$5.5M
Q3 24
$12.8M
Q2 24
$11.8M
Q1 24
$-18.3M
FCF Margin
COOK
COOK
FLNG
FLNG
Q4 25
9.8%
Q3 25
5.1%
Q2 25
10.8%
Q1 25
-15.8%
Q4 24
3.3%
Q3 24
10.5%
Q2 24
7.0%
Q1 24
-12.6%
Capex Intensity
COOK
COOK
FLNG
FLNG
Q4 25
0.9%
Q3 25
0.9%
Q2 25
1.8%
Q1 25
1.3%
Q4 24
1.2%
Q3 24
1.9%
Q2 24
1.2%
Q1 24
3.9%
Cash Conversion
COOK
COOK
FLNG
FLNG
Q4 25
1.92×
Q3 25
Q2 25
Q1 25
Q4 24
1.60×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COOK
COOK

Grills$60.6M42%
Accessories$49.2M34%
Consumables$35.5M24%

FLNG
FLNG

Segment breakdown not available.

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